StockIceMan's Weekly Stock Pick
Week of
October 29, 2007
| Stock: |
On Track Innovations Ltd. |
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| Ticker Symbol: |
OTIV - Nasdaq - Specialized
Semiconductors |
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| Buy: |
5.50 to 5.75 |
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| Sell: |
7.50 |
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Info: |
On Track Innovations, Ltd. (OTI), together with
its subsidiaries, engages in the design,
development, and sale of contactless
microprocessor-based smart card products. The
company's product lines include payments
solutions, petroleum systems, and smart ID
solutions. Its payments solutions include
PayPass, a contactless payment program for
financial institutions; E-purse, a product that
enables a person to load pre-paid value on a
card, which provides float for issuers, while
enabling cardholders to pay for small purchases;
EasyPark, an electronic parking payment system;
and mass transit electronic payment system for
fare collection from passengers in various types
of mass transportation systems. The company's
petroleum systems comprise EasyFuel, a wireless
petroleum solution that incorporates options for
retail and private fleets, as well as a
pay-at-the-pump solution; and gasoline
management system that records and monitors the
identity of the driver and the vehicle, the
driver's or fleet's credit status, the vehicle's
fuel consumption, and other information
determined by the customer, such as periodic
vehicle maintenance. OTI's smart ID solutions
are used for credentialing, identifying, and
verifying individuals, and combine the
capability to support biometric identification
with the portability of smart cards. Its smart
ID solutions also include MediSmart to process
and manage medical information by providing
doctors and hospital administrators with
information regarding the patient's identity,
medical history, insurance coverage, and payment
history. The company sells its products to
original equipment manufacturers. OTI markets
and sells its products in the Americas, Africa,
Europe, Far East, and Israel. The company was
founded in 1990 as De-Bug Innovations, Ltd. and
changed its name to On Track Innovations, Ltd.
in 1991. OTI is headquartered in Rosh Pina,
Israel. |
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| Financial Info: |
For the six months ended 6/30/2007, revenues
rose 6% to $20.6 million. Net loss increased 85%
to $7.3 million |
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| Key Ratios: |
Current
Ratio: 5.696, Total
Debt/Equity Ratio: 0.035, Trailing P/E: N/A,
Forward P/E: 29.50x, Price/Sales: 2.53,
Price/Book: 1.08 |
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| Share Info: |
There are 19.01
million shares outstanding with 12.29
million shares in the trading
float. Institutions own
approximately 21.70% of the shares outstanding.
There has been no insider purchases or
sales in the last six months.
Real-Time SEC Filings
As of 9/25/2007, there were 194,430 shares short.
Net Institutional Buying: N/A last 30 days. |
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| Articles: |
OTI Reports FY 2007 Six Months and Second
Quarter Financial Results |
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